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Author Question: Hobby expenses are deductible as for AGI deductions. (Read 79 times)

jwb375

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Question 1

Generally, Section 267 requires that the deduction of unpaid (accrued) expenses be deferred until the year in which the related payee recognizes the amount as income.
◦ true
◦ false

Question 2

Hobby expenses are deductible as for AGI deductions.
◦ true
◦ false


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Marked as best answer by jwb375 on Sep 13, 2020

perkiness

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jwb375

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


blakcmamba

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Reply 3 on: Yesterday
Excellent

 

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